Smith Douglas Homes Corp. (NYSE:SDHC) Receives Average Rating of “Reduce” from Brokerages

Smith Douglas Homes Corp. (NYSE:SDHC) has been assigned an average recommendation of “Reduce” from the ten research firms that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $13.90.

A number of analysts have commented on the company. Wall Street Zen raised Smith Douglas Homes from a “sell” rating to a “hold” rating in a report on Saturday, June 13th. Zacks Research raised Smith Douglas Homes from a “strong sell” rating to a “hold” rating in a research report on Friday, May 15th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Smith Douglas Homes in a report on Friday, July 17th.

Smith Douglas Homes Price Performance

NYSE:SDHC opened at $12.48 on Wednesday. Smith Douglas Homes has a one year low of $10.72 and a one year high of $23.49. The company has a market cap of $634.36 million, a PE ratio of 17.33 and a beta of 0.88. The firm has a 50-day moving average of $14.61 and a 200-day moving average of $14.20.

Smith Douglas Homes (NYSE:SDHC) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.08). The business had revenue of $273.03 million during the quarter, compared to the consensus estimate of $258.10 million. Smith Douglas Homes had a net margin of 0.64% and a negative return on equity of 0.19%. On average, equities research analysts expect that Smith Douglas Homes will post 0.25 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Smith Douglas Homes

Hedge funds have recently bought and sold shares of the company. First Eagle Investment Management LLC raised its holdings in shares of Smith Douglas Homes by 14.2% in the fourth quarter. First Eagle Investment Management LLC now owns 378,774 shares of the company’s stock valued at $6,352,000 after purchasing an additional 47,100 shares during the last quarter. Conifer Management L.L.C. boosted its holdings in Smith Douglas Homes by 68.3% during the fourth quarter. Conifer Management L.L.C. now owns 1,433,350 shares of the company’s stock worth $24,037,000 after purchasing an additional 581,794 shares during the last quarter. Teachers Retirement System of The State of Kentucky boosted its holdings in Smith Douglas Homes by 13.9% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 37,859 shares of the company’s stock worth $635,000 after purchasing an additional 4,608 shares during the last quarter. Quent Capital LLC bought a new stake in Smith Douglas Homes in the 4th quarter worth about $386,000. Finally, Dimensional Fund Advisors LP bought a new stake in Smith Douglas Homes in the 1st quarter worth about $324,000.

Smith Douglas Homes Company Profile

Smith Douglas Homes Corp., together with its subsidiaries, engages in the design, construction, and sale of single-family homes in the southeastern United States. It also provides closing, escrow, and title insurance services. The company sells its products to entry-level and empty-nest homebuyers. Smith Douglas Homes Corp. was founded in 2008 and is headquartered in Woodstock, Georgia.